Did we just pass Hope, and are we at Max Financial Opportunity?

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Written by

BitcoinBaby

I am just telling the story about a little noob exploring the Big Bad Crypto-verse and mak... [more]

2 years ago

Topics: Crypto, Cryptocurrencies, Finance, Earning, Cycle, ...

What a day we had yesterday, crushing all hope and pushing us back to disbelief. Or at least many of us.

What Happened

This dip has been wiping around $200 billion from the combined crypto market and about $405M of Positions got Liquidated Due to BTC Drop Below $44,000. BTC dropped to the 42K zone, something that was evident once the 44.2K resistance was broken. Happy Days....

Is this the end of the world? Yes, but it will take a lifetime or 3.

So what happened?

Well first of all we still needed that hated healthy correction since the surge from 38K to 48K and this possibly was the correction.

Secondly, all markets, in general, tanked due to the stricter sanctions on Russian oil and what that could impact in the short term.

Thirdly, well as the economy seems to be doing great FED might increase the rate hikes more than initially planned.

Fourthly, miners started selling increasing the supply and therefore lowering the price.

Does it worry me..... of course not we all know that a high-profile developer has been teasing us with "big surprises," and that the cryptocurrency market could be in for a shake-up during this Bitcoin 2022 conference so all will be fine. BTW I love their Miami bull, it looks so.... so Bullish I guess.

Just joking, because I would plant those rumors just to sell more tickets...but we came from a deep place and the price has to drop on its way up.

There has been a lot of positive news lately building up the momentum ....that momentum seems to have halted over the last couple of days...but big boys like Terra and Microstrategy keep buying and many other big wales bought the dip yesterday.

Microstrategy buys $190 million worth of BTC Terra (LUNA) buys 230 million worth of BTC and even I used this moment to grab some extra as I still expect this to be one of the few dips on the way to 50K and beyond.

Why?

Because going up does not happen in a straight line, it needs dips like these. But the momentum has not changed, no shocking big news changed the markets yesterday. No big ban, no new war, and a lot of things coming and I do not mean the Big Surprise, but rather the ETH Merge, the Cardano Upgrade, and the further adding of BTC to the Terra balance sheet to back their stable coin. In addition, we might just see big companies doing that same thing and start adding crypto to their balance sheet in Q2.

That is how I read the general sentiment, we are just past the hope zone building in the zone of Max Financial Opportunity leading up to a new bull run. And yes I know if we follow the four-year cycle it´s we should be at the denial point on the map.

But Cycles are there to be broken, or extended.....in any case I still have Hope for a 50K BTC in April.

Feel free to like my rambles, these are just my vision and no financial advice have a great day!

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